by Calculated Risk on 12/02/2010 06:33:00 PM

Here is a look at European bond spreads from the Atlanta Fed weekly Financial Highlights released today (graph as of Dec 1st):

Click on graph for larger image in new window.

From the Atlanta Fed:

Led by Ireland, peripheral European bond spreads (over German bonds) have risen considerably in the past few weeks.

Since the November FOMC meeting, the 10-year Irish-to-German bond spread has risen by 142 basis points (bps) (from 6.32% to 4.90%), through November 29; spreads on Spanish debt are up 83 bps and 62 bps on Greek debt.

Maybe the Atlanta Fed should add Belgium.

The spreads narrowed sharply today after ECB President Jean-Claude Trichet announced the ECB will extend special liquidity measures until at least April 12th - and continue the Securities Market Program (bond buying of euro-zone debt).